2012’s Buyer and Seller Insights from the National Association of Realtors

The NATIONAL ASSOCIATION OF REALTORS® 2012 survey of home buyers and sellers provides insight into detailed information about their experiences with this important transaction. Here are the highlights from the report:

•39 percent of recent home buyers were first-time buyers, a slight rise from 2011, but closer to the historical norm of 40 percent.
•65 percent of recent home buyers were married couples—the highest share since 2001. Conversely there was the lowest share of single buyers since 2001.
•For 52 percent of home buyers, the first step in the home-buying process was taken online.
•The typical home buyer searched for 12 weeks and viewed 10 homes—a decline from 12 homes in prior year, which speaks to the tightened inventory in many areas.
•89 percent of buyers purchased their home through a real estate agent or broker, similar to last year’s report—a share that steadily increased from 69 percent in 2001.
•88 percent of sellers were assisted by a real estate agent when selling their home.
•Only 9 percent of recent sellers sold via FSBO sale.
•Approximately two-thirds of home sellers only contacted one agent before selecting the one to assist with their home sale.

At North Eastern Group Realty, we are prepared to assist our clients with their significant Fort Wayne real estate decisions. Our corporate commitment is to provide real knowledge, proven experience and professional, quality service to each client. To search all Fort Wayne homes for sale or find a Fort Wayne REALTOR, visit our website at NorthEasternGroup.com.

North Eastern Group Realty is Fort Wayne’s largest independent real estate company located at 10808 La Cabreah Lane, Fort Wayne, IN 46845.